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I think we're in such an odd spot. Companies are growing to such incredible size because of the inefficiencies of capitalism. For all the talk of markets and fi

by Spivak 3y ago

I think we're in such an odd spot. Companies are growing to such incredible size because of the inefficiencies of capitalism. For all the talk of markets and financial instruments the single greatest asset in our economy is cheap capital and we're simultaneously better than we ever have been at allocating it while also being abysmally bad. We've invented feudalism all over again because paying tribute to your capital lord and uniting kingdoms through marriage is the best way forward. We've royally fucked something up when companies even want to merge. Vertical integration should be the coal mine in the canary that the incentives are all wrong.

firstlink 3y ago
> We've invented feudalism all over again So what you're saying is that soft power exists? Tell me, what is the name of the political system you're going to tell me about that eliminates soft power? I just want to see if I've heard this one before, first.
- Spivak 3y ago
  You have completely misunderstood my point. This isn't about companies having power over their workers, this is about how companies are heavily incentivized to literally sell themselves to capital holders and merge and merge because having massive coffers end-runs around the inefficiencies of allocating capital through the usual financial markets.